Atlas Sovereign Fund
Atlas Sovereign Fund (ASF) was established by a Trust Deed dated August 19, 2014, between Atlas Asset Management Limited, as Management Company and Central Depository Company of Pakistan Limited (CDC), as Trustee.
The objective of Atlas Sovereign Fund is to generate competitive returns by investing in Government Securities and Debt Instruments.
The Fund will invest in corporate debt instruments and Government securities. In selecting portfolio securities, ASF will, consider individual credit risks, but it may be understood that market value of even high quality fixed-rate securities will fluctuate with change in interest rate levels. The percent of the assets in various types of securities will vary in the light of investment objective, prevailing market conditions and exposure limits. At least 70% of the Net Assets shall be invested in Government Securities based on monthly average basis calculated at the end of each month.
| Fund Launch Date | : | December 01, 2014 |
| Type | : | Open-ended |
| Category | : | Income |
| Dealing Days | : | Monday to Friday |
| Front End Load | : | Nil |
| Pricing Mechanism | : | Forward Pricing |
| Management Fee* | : | Current level of Management Fee is 10% of the Gross Earnings subject to a minimum fee of 0.45% of average daily Net Assets and maximum fee of 0.80% of Average Annual Net Assets. |
| Expense Ratio Limit | : | Upto 2.5% (including Management Fee) of Average Annual Net Assets |
| Fund Risk Profile | : | Medium |
| Rating | : | AA-(f) (PACRA)(As on 17-Oct-2019) |
| Listing | : | Pakistan Stock Exchange |
| Trustee | : | Central Depository Company of Pakistan Limited (CDC) |
| Registrar | : | ITMinds Limited: 99-B, Block “B”, S.M.C.H.S., Shahrah-e-Faisal, Karachi. |
| Auditor | : | A.F. Ferguson & Co |
| Financial Year Ending | : | June 30 |
| Minimum Investment | : | Rs. 5,000/- |
| Benchmark | : | Average 6 Months PKRV rates |
*Revised management fee of the fund will be 10% of the Gross Earnings subject to a minimum fee of 0.60% of average daily Net Assets and maximum fee of 1.0% of average Annual Net Asset w.e.f 10th February, 2020.
Atlas Sovereign Fund is a conventional avenue of investment in mutual funds suitable for individuals, corporate clients and retirement schemes ranging from a short to long term investment.
- Competitive returns
- Online access to individual accounts
- Professional Fund Management Expertise
- Required minimum investment as low as Rs. 5,000
- Easy withdrawal of money
- No minimum holding period
- Risk Diversification
- Exemption from Zakat (on submission of Affidavit)